Friday, August 30, 2013

Nevada Gaming-Related Corps Stock Prices Up 246% Since President Obama Took Office

From a review of SEC filings, I found 20 Corps headquartered in the State of Nevada.....12 Gaming Industry Related and 8 Non-Gaming Industry Related..... which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also yesterday, August 29, 2013.  Included in these 20 Corps is one which was acquired in 2013.

These 20 Nevada Corps had their average stock prices increase by an impressive 204% from January 16, 2009 to August 29, 2013.  This 204% increase is 2.2 times the 93% increase in the S&P 500 Index over the same time span.

The 12 Gaming Industry-Related Nevada Corps did even better, generating an average stock price increase of 246% so far during the Obama Administration.

Nevada US Senator Harry Reid and US House members Dina Titus and Steven Horsford have all played key roles in the resurrection of Nevada's gaming-related industry.

Below here are the common stock market closing prices of each of these 20 Nevada Corps at both the most recent date (August 29, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:




Market Market Percentage

Nevada Price Price Increase

HQs 8-29-13 1-16-09 (Decrease)
Companies Headquartered in Nevada








Gaming Industry Related



Las Vegas Sands Las Vegas $56.73 $6.27 805%
Shuffle Master Las Vegas $22.77 $4.19 443%
Wynn Resorts Las Vegas $141.87 $36.94 284%
Ameristar Casino Las Vegas $26.50 $7.80 240%
Pinnacle Entertainment Las Vegas $23.79 $7.03 238%
Bally Technologies Las Vegas $72.66 $21.70 235%
Global Cash Access Holdings Las Vegas $7.83 $2.65 195%
Boyd Gaming Las Vegas $12.16 $4.70 159%
Full House Resorts Las Vegas $2.78 $1.17 138%
Monarch Casino & Resort Reno $19.38 $10.74 80%
MGM Resorts Las Vegas $17.78 $9.93 79%
Intl Game Technology Las Vegas $19.02 $11.95 59%





Average Increase: all 12 Gaming Related Corps

246%





Non-Gaming Industry Related



Spectrum Pharmaceuticals Henderson $7.76 $1.48 424%
Amerco Reno $167.80 $33.28 404%
Allegiant Travel Las Vegas $95.21 $39.28 142%
Livedeal Las Vegas $3.40 $1.70 100%
Employers Holdings Reno $26.70 $14.39 86%
PDL Biopharma Incline Village $7.86 $6.85 15%
Allied Nevada Gold Reno $4.69 $4.30 9%
Altair Nanotechnologies Reno $2.43 $6.48 -63%





Average Increase: all 8 Non-Gaming Related Corps

140%





Average Increase: all 20 Nevada Corps


204%





Dow Industrials Index
14,840.95 8,281.22 79%
S&P 500 Index
1,638.17 850.12 93%
S&P Mid-Cap 400 Index
1,201.33 516.75 132%
S&P SmallCap 600 Index
581.52 247.89 135%